Havells India Limited, one of India’s leading electrical and consumer goods companies, delivered a strong performance in the second quarter of FY26, driven by robust growth in its Cable and Switchgear businesses. The company reported a 16.5% rise in net profit to ₹317 crore, supported by improved margins and steady demand across industrial and infrastructure segments.
Revenue for the quarter stood at ₹4,767 crore, a growth of 5.2% year-on-year. The Cable segment remained the standout performer, growing in double digits, thanks to rising demand from housing, industrial, and renewable energy projects. The company noted that both institutional and retail demand remained healthy, supported by strong infrastructure spending and stable input costs.
The Switchgear business also recorded strong growth, supported by better realizations and recovery in residential construction. Havells continues to focus on expanding its switchgear portfolio with new product launches and a stronger distribution network across Tier-2 and Tier-3 cities.
The company’s EBITDA rose 16% year-on-year to ₹624 crore, reflecting improved cost efficiency and stable commodity prices. Operating margins expanded to 13.1%, driven by favorable product mix and cost control measures. Management said it expects further improvement in margins in the second half of the year as demand strengthens.
Havells has also been expanding its manufacturing capacity to meet future growth. It acquired 39 acres of land in Alwar, Rajasthan, to scale up cable production and serve growing energy and construction sectors. The company’s recent ₹600 crore investment in Goldi Solar marks its entry into the renewable energy space, aligning with India’s push toward green energy and sustainable manufacturing.
Other business segments, including Lighting and Electrical Consumer Durables, showed moderate growth. LED lighting benefited from stable prices, while the Lloyd consumer division faced short-term headwinds due to a weaker summer season and ongoing GST adjustments. However, the company expects a recovery in the second half of FY26 with festive demand and product premiumization.
Havells continues to maintain a strong balance sheet and focus on innovation. Its leadership emphasized investments in premiumization, automation, and sustainability, which are expected to drive long-term growth. The company remains optimistic about India’s rising urbanization and infrastructure investments fueling future demand for electrical products.
Founded in 1958, Havells India Limited is one of India’s most respected electrical and home appliance manufacturers. Its portfolio includes cables, switchgear, lighting, fans, water heaters, and air conditioners under brands such as Havells, Lloyd, Crabtree, Standard, and Reo. With a strong distribution network of over 45,000 retailers, Havells continues to play a key role in powering India’s homes and industries.
Backed by strong fundamentals, expanding capacity, and a diversified portfolio, Havells remains confident of maintaining steady growth in the coming quarters.
